In Altcoin Discussion, most of the time people talk about Bitcoin the main reason for this is that altcoins are now performing like shit coins. I don't know how people profit from altcoins every time I buy the value keeps decreasing after holding for a few days. I would never recommend anyone to hold altcoins for long term.
Altcoins are not even worth to hold right now. It's because there will always be a new altcoins created with almost the same idea like the previous alts. So basically, alts are getting stuck in the same place.
It's also getting worsen with how the demand for alts never go up, otherwise, it's decreased because the more alts created, the smaller pie that can be taken by any alts.
This is why holding alts sounds like a timebomb. Even when you thought you already entered at the bottom, it can go even lower than your bottom.
That's why alts never suitable for long term hold.